FISCOVAN: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
FISCOVAN
NACE 69.201, Certified accountants and tax accountants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.2m+€228,895
Equity
€1.1m
2024 · €1.1m-€3,222
Cash
€718,842
2024 · €381,179+€337,663
Balance sheet total
€2.7m
2024 · €1.6m+€1.1m
Largest movements
Assets
- Current investments +€753,060
new in 2025: €753,060
- Cash +€337,663
up €337,663 (+88.6%), from €381,179 to €718,842
mainly Net result for the year (+€1.4m) and Other debts (+€1.1m)
- Tangible fixed assets -€76,178
down €76,178 (-16.7%), from €456,715 to €380,537
- Receivables within one year +€68,931
up €68,931 (+9.7%), from €708,927 to €777,858
of which Other amounts receivable: +€228,563
Equity and liabilities
- Other debts +€1.1m
up €1.1m (+554.1%), from €200,677 to €1.3m
- Trade debts -€41,613
down €41,613 (-64.1%), from €64,886 to €23,274
Income statement
- Gross operating margin +€358,889
up €358,889 (+10.2%), from €3.5m to €3.9m
- Staff costs +€71,634
up €71,634 (+4.0%), from €1.8m to €1.9m
- Taxes +€69,893
up €69,893 (+15.5%), from €452,018 to €521,910
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€1.2m
Gross operating margin
+€358,889
Staff costs
-€71,634
Depreciation
-€1,948
Write-downs
-€278
Other operating charges
-€16
Other operating items
-€1,423
Financial income
+€17,743
Financial charges
-€2,546
Taxes
-€69,893
Result 2025
€1.4m
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.6m
Investment
-€803,199
Financing
-€1.4m
Cash 2024
€381,179
From operations (derived)
+€2.6m
Net result for the year
+€1.4m
Depreciation
+€127,608
Receivables within one year
-€68,931
Deferred charges and accrued income
-€4,184
Trade debts
-€41,613
Tax, wage and social debts
+€16,712
Other debts
+€1.1m
Accrued charges and deferred income
+€2,487
Investment (derived)
-€803,199
Investment in fixed assets (net)
-€50,139
Current investments
-€753,060
Financing
-€1.4m
Contributions, distributions and other
-€1.4m
Cash 2025
€718,842
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,577,063 | €2,663,433 | +€1.1m | +68.9% |
| Fixed assets | 21/28 | €462,129 | €384,660 | -€77,469 | -16.8% |
| Intangible fixed assets | 21 | €5,339 | €4,048 | -€1,291 | -24.2% |
| Tangible fixed assets | 22/27 | €456,715 | €380,537 | -€76,178 | -16.7% |
| Land and buildings | 22 | €215,734 | €181,692 | -€34,042 | -15.8% |
| Plant, machinery and equipment | 23 | €115,154 | €102,478 | -€12,676 | -11.0% |
| Furniture and vehicles | 24 | €122,502 | €93,868 | -€28,633 | -23.4% |
| Other tangible fixed assets | 26 | €3,325 | €2,499 | -€826 | -24.8% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €1,114,934 | €2,278,773 | +€1.2m | +104.4% |
| Amounts receivable within one year | 40/41 | €708,927 | €777,858 | +€68,931 | +9.7% |
| Trade receivables | 40 | €585,230 | €425,598 | -€159,632 | -27.3% |
| Other amounts receivable | 41 | €123,697 | €352,260 | +€228,563 | +184.8% |
| Current investments | 50/53 | - | €753,060 | +€753,060 | |
| Cash at bank and in hand | 54/58 | €381,179 | €718,842 | +€337,663 | +88.6% |
| Deferred charges and accrued income | 490/1 | €24,828 | €29,012 | +€4,184 | +16.9% |
| Total equity and liabilities | 10/49 | €1,577,063 | €2,663,433 | +€1.1m | +68.9% |
| Equity | 10/15 | €1,075,799 | €1,072,577 | -€3,222 | -0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,006,200 | €1,006,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,599 | €4,377 | -€3,222 | -42.4% |
| Amounts payable | 17/49 | €501,264 | €1,590,856 | +€1.1m | +217.4% |
| Amounts payable within one year | 42/48 | €501,264 | €1,588,368 | +€1.1m | +216.9% |
| Trade debts | 44 | €64,886 | €23,274 | -€41,613 | -64.1% |
| Suppliers | 440/4 | €64,886 | €23,274 | -€41,613 | -64.1% |
| Taxes, remuneration and social security | 45 | €235,701 | €252,412 | +€16,712 | +7.1% |
| Taxes | 450/3 | €66,629 | €55,610 | -€11,020 | -16.5% |
| Remuneration and social security | 454/9 | €169,071 | €196,803 | +€27,732 | +16.4% |
| Other amounts payable | 47/48 | €200,677 | €1,312,682 | +€1.1m | +554.1% |
| Accrued charges and deferred income | 492/3 | - | €2,487 | +€2,487 | |
| Non-recurring operating income | 76A | - | €2,924 | +€2,924 | |
| Remuneration, social security and pensions | 62 | €1,784,296 | €1,855,931 | +€71,634 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,660 | €127,608 | +€1,948 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,049 | €3,327 | +€278 | +9.1% |
| Other operating charges | 640/8 | €4,337 | €4,353 | +€16 | +0.4% |
| Non-recurring operating charges | 66A | €440 | €1,863 | +€1,423 | +323.3% |
| Gross operating margin | 9900 | €3,513,438 | €3,872,327 | +€358,889 | +10.2% |
| Operating profit (loss) | 9901 | €1,595,656 | €1,879,247 | +€283,590 | +17.8% |
| Financial income | 75/76B | €45,503 | €63,246 | +€17,743 | +39.0% |
| Recurring financial income | 75 | €45,503 | €63,246 | +€17,743 | +39.0% |
| Financial charges | 65/66B | €8,575 | €11,122 | +€2,546 | +29.7% |
| Recurring financial charges | 65 | €8,575 | €11,122 | +€2,546 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €1,632,584 | €1,931,371 | +€298,787 | +18.3% |
| Income taxes | 67/77 | €452,018 | €521,910 | +€69,893 | +15.5% |
| Profit (loss) for the period | 9904 | €1,180,566 | €1,409,461 | +€228,895 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,180,566 | €1,409,461 | +€228,895 | +19.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.